HKMA SVF Schemes Statistics - Q4 2025

HKMA Press Releases

Published March 20th, 2026

Detected March 20th, 2026

Summary

The Hong Kong Monetary Authority (HKMA) released statistics for Stored Value Facilities (SVF) schemes for Q4 2025. The data shows an increase in SVF accounts, transactions, and transaction value compared to the previous quarter, with 86.4 million accounts and 2.3 billion transactions.

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What changed

The Hong Kong Monetary Authority (HKMA) has published its quarterly statistics for Stored Value Facilities (SVF) schemes, covering the fourth quarter of 2025. The report indicates a continued growth in the use of SVF schemes, with a 3.6% increase in active accounts to 86.4 million and a 6.6% rise in transactions to approximately 2.3 billion during the quarter. The total value of these transactions reached HK$272.4 billion, a 1.3% increase from the prior quarter. Year-on-year comparisons show an 8.3% increase in accounts and a 12.8% increase in total float and SVF deposits, though transaction value saw a 4.6% decrease year-on-year.

This release serves as an informational update for stakeholders regarding the usage and trends in Hong Kong's SVF market. While no new regulatory obligations are imposed by this statistical release, entities operating within the SVF ecosystem should note the growth trends and the breakdown of transaction types, which may inform business strategy and risk assessments. Compliance officers should ensure their understanding of the SVF landscape aligns with these published figures.

Source document (simplified)

Statistics of Stored Value Facilities (SVF) Schemes Issued by SVF Licensees

Press Releases

20 Mar 2026

Statistics of Stored Value Facilities (SVF) Schemes Issued by SVF Licensees

The Hong Kong Monetary Authority (HKMA) published today (20 March) statistics on SVF schemes issued by SVF licensees for the fourth quarter of 2025.

The SVF scheme statistics (see Annex) include quarterly data on SVF schemes issued by the SVF licensees of the relevant periods.

According to the quarterly statistics, the total number of SVF accounts in use (Note 1) was 86.4 million at the end of Q4/2025, representing a 3.6% increase from the previous quarter. The total number of SVF transactions was around 2.3 billion in Q4/2025, or 6.6% higher than the previous quarter. The total value of SVF transactions was HK$272.4 billion in Q4/2025, representing a 1.3% increase from the previous quarter. Of the total transaction value, HK$47.5 billion was related to point-of-sale spending payment, HK$34.3 billion in online spending payment, HK$16.5 billion in P2P funds transfer, HK$60.6 billion in withdrawal and HK$113.5 billion in add value. The total float and SVF deposit (Note 2) was HK$21.6 billion at the end of Q4/2025, 4.1% higher than the previous quarter.

As compared with the end of Q4/2024, the total number of SVF accounts in use at the end of Q4/2025 was up by 8.3%, and the total float and SVF deposit was up by 12.8%. The total number of SVF transactions during Q4/2025 was up by 0.7% year-on-year but the total value during the period was down by 4.6% year-on-year.

Hong Kong Monetary Authority
20 March 2026

Notes:

“Total number of SVF accounts in use” refers to the total number of SVF accounts that can be used as at the end of the reporting period.
The terms “float” and “SVF deposit” follow their definitions in the Payment Systems and Stored Value Facilities Ordinance. Latest Press Releases
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